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Sue performs services for Lynn. Regarding this arrangement, use the legend provided to classify each statement.
a. Indicates employee status.
b. Indicates independent contractor status.
-Lynn determines when the services are to be performed.
Penetration Pricing
A pricing strategy where a product is introduced to the market at a low price to attract customers away from competitors, with the aim of quickly gaining market share.
Skimming Pricing
A pricing strategy where a high price is set for a new product to skim maximum revenues layer by layer from the segments willing to pay the high price.
Penetration Pricing
A market strategy where a product is introduced with a low price to attract customers and gain market share before eventually increasing the price.
Demand-oriented
Pricing strategy or manufacturing approach that is guided by the level of demand from consumers or market conditions.
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